Only partly through this New Yorker article on VCs but there’s already some pretty good stuff in here about their effect on competition. Infinity money flooding in to finance predation isn’t “good for competition” whatever the Chicago School may say.
Only partly through this New Yorker article on VCs but there’s already some pretty good stuff in here about their effect on competition. Infinity money flooding in to finance predation isn’t “good for competition” whatever the Chicago School may say.
Only partly through this New Yorker article on VCs but there’s already some pretty good stuff in here about their effect on competition. Infinity money flooding in to finance predation isn’t “good for competition” whatever the Chicago School may say.
Only partly through this New Yorker article on VCs but there’s already some pretty good stuff in here about their effect on competition. Infinity money flooding in to finance predation isn’t “good for competition” whatever the Chicago School may say.
Their response to this fact pattern would be “see? The predation didn’t work because WeWork ultimately wasn’t able to recoup,” but the article shows that it did work, and the ultimate failure of WeWork is evidence of that, not to mention the corpses littered along the way.
Meanwhile “we can’t finance you because we might be locked out of Wework’s financings” is classic Morgan, Great Merger Movement-era harm to competition. And horizontal competition at either the enterprise or financing levels probably wouldn’t remedy that.
I have to go RN, but all of this is what I was writing about in this article:
https://marshallsteinbaum.org/assets/common-ownership-labor-market-power-antitrust-bulletin-.pdf
cc @martincschmalz @elhauge @florianederer @joseazar
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